M/18/078 - Tetrarch / Seed Portfolio Hotels [2018] IECompA m18078 (22 October 2018)

M/18/078 - Tetrarch / Seed Portfolio Hotels [2018] IECompA m18078 (22 October 2018)

The Commission determined that the proposed acquisition would not substantially lessen competition in the hotel sector and therefore cleared the transaction under Phase 1 review.

Parties
Acquirer: Tetrarch Group Limited; Target: Seed Portfolio Hotels (Citywest Hotel, Powerscourt Hotel Resort and Spa, Killashee Hotel & Spa, Mount Juliet Estate and Golf Club)
Jurisdiction
Ireland
Judgment Date
22 October 2018
Procedural Posture
Merger Clearance / Phase 1 Determination
Outcome
cleared
Legal Topics
Merger Control, Hotel Sector Acquisitions
Competition Law Merger Control Hotel Sector Acquisitions

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Parties

Tetrarch Group Limited

Acquirer

Seed Portfolio Hotels (Citywest Hotel, Powerscourt Hotel Resort and Spa, Killashee Hotel & Spa, Mount Juliet Estate and Golf Club)

Target

Procedural Posture

Merger Clearance / Phase 1 Determination

Legal Issues

  1. 1 Whether the proposed acquisition by Tetrarch Group Limited of the Seed Portfolio Hotels trading assets would substantially lessen competition in the hotel sector in Ireland.

Ratio Decidendi

The Commission determined that the proposed acquisition would not substantially lessen competition in the hotel sector and therefore cleared the transaction under Phase 1 review.

Court Disposition

cleared

Orders

  • Acquisition by Tetrarch Group Limited of Citywest Hotel, Powerscourt Hotel Resort and Spa, Killashee Hotel & Spa, and Mount Juliet Estate and Golf Club is approved.